Question
Liability for the drawer for the bill discounted is a:
Solution
When a bill is discounted from bank, the drawee becomes liable to the bank. However, on the due date if the drawee is unable to make the payment the bank can recover the amount from drawer. therefore, when drawer discounts a bill with bank it becomes a contingent liability for the drawer.
Who among the following was the first president of IOC?
The literacy rate of males in India as per 2011 census is around________.
Extremely Severe Cyclonic Storm Tauktae was a powerful tropical cyclone in the _______.
Which of the following tag is used to insert comments in the HTML source code ?
Under which ministry does the Spices Board operate?
Which of the following is INCORRECT match?
As per the data of January 14, 2022, India has 83 unicorns, with a total valuation of $277.77 billion out of which how many new unicorns were added in t...
Which of the following is not a feature of floating-rate savings bonds?
Who launched Threads, the new platform introduced as an extension of Instagram?
The Women’s Reservation Act 2023 (106th Constitution Amendment) provides 33% reservation to women in
